Now That The Long Overdue (and Predicted) Contagion From The Cash Market Has Hit Repo, Things Are Going

Overnight Repo Rate Soars As Bill Contagion Now Raging In Shadow Markets | Zero Hedge

Now that the long overdue (and predicted) contagion from the cash market has hit repo, things are going from bad to horrifying. Following overnight news that HK is hiking haircuts on Bill collateral, and with increasingly more counterparties now segregating what collateral is eligible, if not shutting down the bill market outright, suddenly the universe of eligible repo market securities has imploded. It also means the overnight repo rate, as we said on Monday would happen, is exploding. Moments ago ICAP reported, via SMRA, that the general collateral overnight rate has nearly doubled from 0.15% to 0.27% and rising.

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ronbowlens

11 years ago

Watch This Intra-day MSFT Level

Microsoft Corporation (MSFT) is coming under some selling pressure this morning. The stock is trading lower by 0.60 cents to $38.10 a share. Day trade…

Microsoft Corporation (MSFT) is coming under some selling pressure this morning. The stock is trading lower by 0.60 cents to $38.10 a share. Day traders should watch for intra-day support around the $37.90 level. This is an area where the stock could stage a minor intra-day bounce.

Nicholas Santiago

www.InTheMoneyStocks.com

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ronbowlens

11 years ago

Former Rep. Bill Delahunt applies to open pot dispensaries

According to a report in the Taunton Daily Gazette, former Democratic congressman Bill Delahunt wants in on the medical marijuana business and has filed applications to open dispensaries in three Massachusetts counties.

Delahunt, who served in Congress…

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ronbowlens

11 years ago

Today is #SpiritDay.

Did you know 82% of students report being verbally harassed in school because of their sexual orientation?

Did you know 64% of students report being verbally harassed in school because of their gender identity?

People all over the world wear purple on Spirit Day in a stand against bullying and to show their support for LGBTQ youth. Started on Tumblr and observed annually since 2010, individuals, schools, organizations, corporations, and public figures wear purple, which symbolizes ‘spirit’ on the rainbow flag.

Getting involved is easy: just wear purple on October 17th and turn your blogs, Facebook and Twitter profile pics purple using the app for iPhone and Android to help create a world in which LGBT youth are celebrated and accepted for who they are. Upload photos of you wearing purple with the hashtag #SpiritDay to Tumblr, Twitter, Facebook, Instagram and Google+!

Get more graphics, apps, and ways to take action to stand up to bullying at http://glaad.org/spiritday